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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Prospects for the Progress of Heterodox Economics
Author(s): Dow, Sheila
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Issue Date: 2000
Date Deposited: 18-Jan-2016
Citation: Dow S (2000) Prospects for the Progress of Heterodox Economics. Journal of the History of Economic Thought, 22 (2), pp. 157-170.
Abstract: While progress in orthodox economics is understood as an internal concept, progress in heterodox economics has both an internal and external dimension, where the latter refers to persuasive success. This broader understanding of progress reflects the fundamental, methodological level at which we distinguish between orthodox and heterodox economics. Regarding internal progress, orthodox economics retains cohesion at the level of formalism, but this cohesion is showing strains because of the inevitable limitations imposed by formalism. While more apparently disparate, heterodox economics can be seen to be more methodologically cohesive; this is explained in terms of a qualified form of pluralism at a range of levels. A discussion of progress of ideas in terms of persuasion (with sociological and institutional, as well as linguistic, dimensions) provides the basis for a considering a pluralist strategy for promoting the progress of heterodox economics.
DOI Link: 10.1080/10427710050025367
Rights: Publisher policy allows this work to be made available in this repository. Published in Journal of the History of Economic Thought / Volume 22 / Issue 02 / June 2000, pp 157-170Copyright © The History of Economics Society 2000 DOI: The original publication is available at:

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